Upon reaching 1 billion downloads of the different permutations of their hit mobile game Angry Birds, AllThingsD is reporting that Finnish company Rovio is mulling an IPO, the details of which have yet to be ironed out:
“This is a decision of Rovio’s owners if Rovio will file for IPO, when it would be and in what market,” CEO Mikael Hed told AllThingsD. “These kind of decisions have not been made.”
As it stands, Rovio is already making a killing, earning $106.3 million in 2011, $67.6 million of which was profit. For those keeping score at home, that’s a 64% margin. An IPO would only put Rovio CEO Mikael Hed’s father further in the black, as he has the largest stake in the company after mortgaging his parents’ house to keep the company afloat pre-Angry Birds.
Not bad for a company completely reliant on a re-skinned version of Armor Games’ Crush the Castle.
[Image Source: Angry Birds official Facebook page]